Micron pushes paperwork for Texas fab complex

Micron pushes paperwork for Texas fab complex

Business news |
By Peter Clarke

Micron is considering a large wafer fab complex in Lockhart, about 30 miles (48 kilometers) south of Austin, Texas, according to a Bloomberg report.

The value of the investment is put at US$80 billion at minimum in some reports and at $160 billion by Bloomberg.

The Bloomberg report references submissions to the state comptroller’s office made to lock down property-tax breaks under the Chapter 313 scheme. That scheme ends at the end of 2022.

Construction is due to begin in January 2023, according to the application, but it is not certain that Micron will go ahead with the fab complex. It will reportedly comprise eight phases and get built out over many years.

“We have not made any final decisions regarding the location, timing or scope of any expansion. Filing these applications now allows us to preserve options for potential future expansion needed to meet long-term memory demand,” the report quotes Moira Whalen, a spokeswoman for Micron, saying in an email.

The application comes soon after Presiden Biden signed the US Chips Act that will provide up to $52 billion to support the reshoring of chip development and manufacturing. Although in the application Micron makes the point that in the absence of Chapter 313 or a similar program it would find the economic return better outside Texas.

In 2021 Micron said it plans to spend $150 billion over the next decade on memory manufacturing and R&D with part of that spending in the US (see Micron plans to spend $150 billion on memory production).

Related links and articles:

News articles:

Micron tips plan to expand US memory chip manufacturing

Micron plans to spend $150 billion on memory production

TI buys Micron’s Utah fab for $900 million

Micron turns its back on 3D-XPoint, puts fab up for sale

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